Lars Letonoff - 19 Sep 2022 Form 4 Insider Report for KnowBe4, Inc.

Role: Officer
Signature: /s/ Kristen Wiggins, as Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 19 Sep 2022
Net transactions value: -$4,337,065
Form type: 4
Filing time: 21 Sep 2022, 21:07:53 UTC
Previous filing: 30 Aug 2022
Next filing: 18 Nov 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KNBE	Class A Common Stock	Conversion of derivative security	$0	+198,700	+92%	$0.000000	414,894	19 Sep 2022	Direct	F1, F2
transaction	KNBE	Class A Common Stock	Sale	$4,337,065	-198,700	-48%	$21.83	216,194	19 Sep 2022	Direct	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	KNBE	Class B Common Stock	Conversion of derivative security	$0	-198,700	-37%	$0.000000	345,597	19 Sep 2022	Class A Common Stock	198,700	$0.000000	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each share of the Issuer's Class B Common Stock, par value $0.00001 per share (the "Class B Common Stock") is convertible at any time at the option of the holder into one share of the Issuer's Class A Common Stock, par value $0.00001 per share (the "Class A Common Stock"). Additionally, each share of Class B Common Stock will, subject to certain conditions and exceptions, convert automatically into one share of Class A Common Stock upon any transfer.
F2	Certain of these securities are RSUs. Each RSU represents a contingent right to receive one share of Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU.
F3	The sale of shares reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on May 26, 2022.